Federal Bonding Program
The Federal Bonding Program is an incentive program that allows employers to hire at-risk job applicants with limited liability. A Federal Fidelity Bond is a business insurance policy that insures the employer for theft, forgery, larceny or embezzlement by the bonded employee.
Eligibility Requirements
At-risk job applicants are:
- Ex-offenders
- Recovering substance abusers (alcohol or drugs)
- Welfare recipients and other persons having poor financial credit, or who have declared bankruptcy
- Economically disadvantaged youth and adults who lack a work history
- Individuals dishonorably discharged from the military
- Anyone who cannot secure employment without bonding services